Music Business Worldwide News

1. Latin Music’s US revenues hit $1.42 billion in 2024, up 5.8% YoY

   Latin Music revenues accounted for 8.1% of total recorded music revenue in the US last year

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2. SM Entertainment buys additional 11.4% stake in Bubble superfan app operator DearU in $92m deal

   The deal raises SM’s stake in DearU to 45.1%

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3. Music Glue opens Vancouver office headed by Tom Maguire, amid ‘increase in demand’ for D2C services

   The office will be headed up by Music Glue’s Chief Product Manager, Tom Maguire

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4. Ned Monahan promoted to President at Joie Manda’s Encore Recordings; Jacob Fain named Head of A&R

   Fain comes to Encore from Elektra, and is known for signing artists such as Bailey Zimmerman and Leon Bridges

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5. Trump says a deal to save TikTok in the US will get done this week. Will Blackstone take a stake?

   The deadline for ByteDance to sell TikTok's US operations is April 5, but the US president said he may extend it if necessary

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6. HYBE continues diversification drive as gaming division raises $21m in latest funding round

   HYBE IM aims to become 'a next-generation publisher delivering compelling content to gamers worldwide'

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7. With Kid Rock at his side, Trump signs executive order to curb ticket price gouging

   Live Nation welcomed the executive order despite its ongoing legal battle with the federal government over alleged violations of antitrust laws

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8. Udio, the startup sued by record companies last year, unveils tool to clone ‘sonic identity’ of existing songs

   Udio says its cloning technology “only supports uploads of content that users own or control"

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9. Merlin sues TikTok rival Triller for breach of contract over allegedly unpaid music licensing fees

   The digital music licensing org for indie record labels says short video platform Triller owes it $2.55 million

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10. Chance the Rapper’s big money legal battle with ex-manager headed to trial

    A judge in Illinois denied Chance's motion for summary judgment last week.

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